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Updated from March 24
In the "it's not the news that matters, it's how the market reacts that matters" department, Friday's session was telling.
Had news that the Iranian navy took 15 British seamen into custody in the Persian Gulf occurred in the midst of the market's swoon two or three weeks ago, it's likely the accompanying heightened geopolitical tensions and higher oil prices would have sent stocks reeling further.
Instead, the major averages advanced modestly Friday and, in fact, the S&P 500 got a big boost from energy stocks such as Exxon Mobil (XOM Quote) and ConocoPhillips (COP Quote). ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,328.89 | 1,094.32 | 2,147.49 | 32.20 |
Oil *
77.20
|
|
DOWN
135.51
|
DOWN
16.31
|
DOWN
28.56
|
DOWN
0.59
|
10 Yr
3.22%
SPDR Gold
115.59
|
|
-1.30%
|
-1.47%
|
-1.31%
|
-1.80%
|
Data delayed 20 minutes |
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